After the overall crypto market cap reached $3.2T for the first time in history, most major altcoins are experiencing brief pull backs. However, analysts have remained very positive about the future of this market. CryptoKnight890 predicts the value of Pepe (PEPE) could hit $0.00008.
Meanwhile, Avalanche (AVAX) and Lunex Network (LNEX) are showing bullish signals. Analysts forecast their prices may increase in the coming weeks. AVAX bulls are targeting $50-$70, while Lunex Network is targeting $1.
Pepe (PEPE) Targets $0.00008
Pepe’s (PEPE) uptrend has been caught short. The meme coin has met with resistance around the $0.000024 region. Bulls are currently attempting to retest the region for a possible breakout in the coming days.
A successful breakout could clear the way for the Pepe coin to rally to $0.00003. Yet, the memecoin is in profit on the timeframe. The Pepe crypto has gained 90.1% in the past week. Its value has also increased by 128.2% on the biweekly chart and 99.2% on the monthly level, per CoinMarketCap.
Cryptoknight890 forecasts the value of the Pepe token may rally to $0.00008. If this happens, it could reach $0.00012 in the coming months. On the other hand, the cryptocurrency looks overbought. The RSI is above 80. Altcoin Sherpa believes the cryptocurrency’s price may drop to $0.000017.
Avalanche (AVAX) Could Reach $50-$70 If It Breaks Key Resistance
Avalanche (AVAX) hit a weekly peak of $37 on November 12, per CoinMarketCap’s data. Since then, the price of the token has been on a downtrend, falling as low as $31.72.
Despite the price drop, the cryptocurrency’s RSI is bullish. It is above the midline and supports a potential price surge in the coming weeks. Also, the Fear and Greed Index of the Avalanche coin shows extreme Greed.
This means investors are still interested in the altcoin. So, we might see some gains in the coming days. Altcoins Dragon believes the key to the Avalanche price surge is a breach of the $37 resistance.
Alex Clay forecasts the value of the Avalanche token may rise to $70 soon. According to him, there is a bullish structure on the weekly timeframe. MrTTrades expects a rally to $50.
Lunex Network (LNEX) Price Targets $1 As Presale Growth Continues
Lunex Network (LNEX) is steadily rising to prominence in the DeFi market as its investors show interest in its novel concept. Lunex Network has raised over $2.5 million in funding. In addition, the LNEX token has risen from $0.0012 to $0.0026, and analysts say its price might rise to $1 by Q1 2025. One of the most notable elements of Lunex Network is the cross-chain swaps.
In the same way that most platforms restrict users to a single blockchain, smart contracts ensure that users can exchange assets across multiple blockchains. This approach helps to cut down fees and difficulties of transferring assets from one network to another. Another distinguishing factor of Lunex Network is its lack of KYC policy.
This policy helps the users to trade and manage assets respectively with anonymity hence benefitting traders who are privacy conscious. No-KYC is a perfect strategy to embrace for the platform because it is in the business of offering safe and anonymous trading services for people all over the world.
Being a presale project, having a cross-chain solution, and focusing on user anonymity and utility, Lunex Network is set as a new-generation player in the DeFi space, thus appealing to early adopters willing to catch up on the potential of this platform.
Final Thoughts
The decline in the total market capitalization does not rule out the prospects for growth for Pepe (PEPE), Avalanche (AVAX), and Lunex Network. Analysts say their prices may increase in the coming months, positioning them as the best altcoins to buy now.
You can find more information about Lunex Network (LNEX) here:
Website: https://lunexnetwork.com
Socials: https://linktr.ee/lunexnetwork
